Fed’s Williams – Rate hikes likely this year

San Francisco Federal Reserve President John Williams reiterated his view that rate hike are likely this year if data trends continue to show sold US economic growth.

Last week Williams said rate hike could happen in April or June if data continues to improve.

Key quotes

My view is that we will be raising rates gradually over the year

We're on a good track

GBP/USD extends recovery towards 0.4200

Having bottomed out near 1.4120 region in the Asian trades, the GBP/USD pair regains ground, with 1.42 handle on sight.
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